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Save My Mortgage Interest Deduction - 02/22/11 01:10 PM
Check out this website put together by the National Association of Home Builders. http://savemymid.info/ Let me say that while the tax benefits of the mortgage interest deduction are important, that should not be the sole reason you should buy a home. First, you buy a home to have a place to call your own. In some situations it may make more financial sense to rent, but if you plan to stick around a while you should at least consider purchasing. In many cases in Orlando right now your mortgage payment could actually be less than your rent payment. That can make the decision really (0 comments)
Orlando Real Estate Sales February 2011, More of the Same - 02/18/11 09:14 AM
The number of homes on the market for sale continues to decline with only 13,953 active on the market when I checked this morning. Of those 1,968 or 14.1% are REO, 5,202 or 37.3% are short sales leaving 6,783 or 48.6% as equity sales. I still have people asking what an equity sale is so here goes: at the current list price the owner has sufficient equity to sell the house and pay off all that is owed. This is in contrast to a short sale where there is not enough equity in the home to pay off the mortgages, sales (4 comments)
Foreclosures for Sale in Orlando - 02/14/11 10:33 AM
Mary Shanklin spoke with me for a piece she wrote about the foreclosures in Orlando. Here is a link to her article http://articles.orlandosentinel.com/2011-02-12/business/os-foreclosure-bulge-20110211_1_bank-owned-houses-bank-owned-properties-resale-market. Although there are more than 13,000 properties Realtytrac has identified as bank owned in a four county area (Orange, Seminole, Lake and Osceola), there are only 7,472 REO properties either on the market, contract pending or sold within the last two months. They breakdown with 2,316 active, 2,679 pending and the remaining 2,477 closed in the last 60 days. I went back 60 days because it can take six to eight weeks for sales to be recorded, so these (2 comments)
Real Estate is Hyper-Local - 02/09/11 04:34 PM
I have said many times that there is no national real estate market - especially when the pundits come out with their negative predictions. I am the Real Estate Optimist afterall. The "national" market is really just a sum of all the local markets, and they do affect each other. I had a few minutes today to catch my breath, and thought I would see what the final numbers were for my own neighborhood Baldwin Park. I had noticed some time ago that we were on track to sell about the same number of homes in 2010 as we did in (1 comments)
January 2011 Orlando Real Estate Statistics - 02/07/11 02:37 PM
2011 started off with a bang and a whimper. Sales for the first month of the new year were brisk with 2,060 closing reported last month - that is the bang. The median sales price was a pawltry $90,055 - that is the whimper. There were a couple of reasons for this drop in price from December's $100,000 sales price. First, REO's came back with a vengeance, with 1,024 or 49.7% of the closed sales with a median sales price of $70,950. REO's had been only about 38% of our sales in October and November then 44% in December. Another 527 (3 comments)
Real Estate is a Numbers Game - 02/02/11 08:06 AM
There are aspects to real estate that are purely about the numbers. You read the statistics on my blog every month. What is the number of homes active on the market, and the months of supply that represents? How many sales were there last month, and what is the median sales price? Buyers look at the number of bedrooms and bathrooms and the asking price. Sellers want to know what is the price per square foot of the other sales in their neighborhood, and what did the person down the street sell their house for? On the marketing side, we look at how many showings (1 comments)
Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.